Commercial Real Estate Market in Elizabeth City, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
184 active listings and 1,338 off-market properties in Elizabeth City, NC. Commercial property asks $59/SF to buy and $24.28/SF/Yr to lease.
Market Trends
Elizabeth City, NC spans 226.9 square miles in Pasquotank County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elizabeth City, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Elizabeth City, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Elizabeth City, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Elizabeth City, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Elizabeth City, NC has 40,606 residents in 17,591 households. Density runs 179 people per square mile. Median household income here is $64,039 and median gross rent $1,146 a month.
40,606
Population
17,591
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
226.9 sq mi
ZIP Area
179
Density / Sq Mi
$64,039
Median Household Income
$40,399
Median Earnings
$1,146
Median Rent
$223,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Camden | — | — |
| Shawboro | — | — |
| South Mills | — | — |
| Shiloh | — | — |
Commercial property in Elizabeth City, NC asks $59/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elizabeth City?
Commercial property in Elizabeth City, NC asks an average of $59 per square foot.
How much does it cost to lease commercial space in Elizabeth City?
Asking lease rates in Elizabeth City, NC average $24.28 per square foot per year.
Where does Realmo's Elizabeth City market data come from?
Realmo compiles Elizabeth City, NC figures from 6 recent recorded sales, 142 active sale listings, 42 active lease listings, 1,338 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 142 active for-sale and 42 active for-lease listings in Elizabeth City, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
